Financial Harvest LLC Purchases Shares of 15,142 Hub Group, Inc. (NASDAQ:HUBG)

Financial Harvest LLC acquired a new position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,142 shares of the transportation company's stock, valued at approximately $563,000. Hub Group accounts for about 0.4% of Financial Harvest LLC's investment portfolio, making the stock its 23rd biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its stake in Hub Group by 440.3% in the first quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock valued at $32,000 after acquiring an additional 700 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock valued at $42,000 after acquiring an additional 310 shares during the period. TD Private Client Wealth LLC increased its stake in Hub Group by 89.9% in the first quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock valued at $67,000 after acquiring an additional 850 shares during the period. Sterling Capital Management LLC increased its stake in Hub Group by 803.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock valued at $84,000 after acquiring an additional 1,679 shares during the period. Finally, Blue Trust Inc. increased its stake in Hub Group by 40.5% in the first quarter. Blue Trust Inc. now owns 2,478 shares of the transportation company's stock valued at $92,000 after acquiring an additional 714 shares during the period. Institutional investors own 46.77% of the company's stock.

Hub Group Trading Down 1.5%

NASDAQ HUBG traded down $0.53 during trading hours on Friday, hitting $33.87. The company's stock had a trading volume of 405,124 shares, compared to its average volume of 551,603. The stock has a fifty day moving average of $34.29 and a 200 day moving average of $37.30. Hub Group, Inc. has a twelve month low of $30.75 and a twelve month high of $53.21. The firm has a market capitalization of $2.07 billion, a P/E ratio of 19.92, a PEG ratio of 1.60 and a beta of 1.13. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.09.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its earnings results on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Hub Group had a net margin of 2.69% and a return on equity of 7.01%. The firm had revenue of $915.22 million during the quarter, compared to the consensus estimate of $973.86 million. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The business's quarterly revenue was down 8.5% on a year-over-year basis. Equities research analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Monday, June 23rd. Hub Group's payout ratio is presently 29.41%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HUBG shares. TD Cowen lowered their target price on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Baird R W raised shares of Hub Group to a "strong-buy" rating in a research note on Tuesday, July 1st. Barclays decreased their price objective on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Robert W. Baird started coverage on shares of Hub Group in a research note on Tuesday, July 1st. They set an "outperform" rating and a $44.00 price objective on the stock. Finally, Susquehanna reaffirmed a "positive" rating and set a $46.00 price objective (up from $45.00) on shares of Hub Group in a research note on Tuesday, June 24th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $42.01.

Hub Group Company Profile

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.